A US judge has ruled that Roman Storm, co-founder of the crypto mixer Tornado Cash, will face trial in December. Storm was accused of helping the North Korean hacking group Lazarus launder stolen funds. Judge Rejects Dismissal Motion Storm’s lawyers argued that he simply created an open-source protocol that offered privacy for Ethereum users, which…
The FBI has seized millions of dollars worth of cryptocurrency from scammers in Southeast Asia who were targeting American citizens. Crypto Confidence Schemes: How They Work These scammers use a variety of tactics to lure their victims, including: Dating apps: They build trust with their victims through online dating before suggesting “investment opportunities.” Text messages:…
A fake crypto wallet app on the Google Play Store has been caught stealing tens of thousands of dollars from unsuspecting users. The app, downloaded a whopping 10,000 times, was disguised as a legitimate app associated with WalletConnect, a popular protocol for connecting crypto wallets to online apps. The Scam: The fake app, cleverly named…
Bitcoin is looking strong and many analysts believe it’s about to surge past its all-time high. With a lot of money flowing into the cryptocurrency and its recent price performance, everyone’s expecting a big jump in the coming months. The $100,000 Goal The big target for investors is $100,000, which would put Bitcoin into six-figure…
Mark Zuckerberg’s big bet on the metaverse has been a rollercoaster ride. After losing billions, he’s now seeing a huge payoff. His net worth has skyrocketed to over $200 billion, making him the fourth richest person in the world. The Metaverse: A Rollercoaster Ride The rise in Meta’s stock price, which has gone up by…
The US Department of Justice (DOJ) is taking on Visa, accusing the payment giant of illegally controlling the debit card market. Visa’s Grip on Debit Cards The DOJ claims Visa’s dominance is stifling competition and innovation in the debit card industry. They say Visa’s control over more than half of US debit card transactions allows…
Goldman Sachs, a big name in banking, thinks the US dollar is going to weaken. Why? Because the Federal Reserve (the US central bank) is cutting interest rates. Lower Rates, Weaker Dollar? Lower interest rates make it less attractive to hold US dollars, so Goldman Sachs expects the dollar to lose value against other major…
A well-known crypto analyst, known as Bluntz, is predicting big things for Pepe (PEPE), a memecoin based on the popular internet frog. He believes PEPE could more than double in price, reaching a new all-time high of $0.22. Why Pepe? Bluntz, who has a massive following on social media, compares his crypto investments to a…
Coinbase, the popular US crypto exchange, has added EigenLayer (EIGEN) to its listing roadmap. This means that the exchange is considering listing the project, which aims to provide restaking services for Ethereum (ETH) stakers. What is EigenLayer? EigenLayer allows users who have staked their ETH to “rehypothecate” their coins. This means they can use their…
XRP is finally showing some life after being stuck below $0.60 for a while. Analysts are excited, hoping this is the start of a big breakout. XRP’s Potential Breakout One analyst, Carl Runefelt, thinks XRP could be about to make a big move. He sees a pattern on the chart that suggests a possible surge…
